Dave Allison from Angel HQ gave a very informative workshop to a group of angels recently. After introducing the general terminology needed he spoke about the three metrics which are most commonly used to evaluate the value of an early stage company: VC Board, Berkus Method and Scorecard Method. He explained how each can be applied and discussed the advantages and limitations of each method. The examples he used will make it much easier to value the companies angels want to invest in.
Dave went on later that day to give the same talk to the founders in the Lightning Lab programme. Come Demo Day it will be interesting to see whether investors or founders were the better students!